Geir Haarde, the man who led Iceland’s government when the nation’s banks collapsed, will learn his fate today when a court rules on whether he was grossly negligent or not.
A court will decide whether Mr Haarde (61) was personally responsible for failing to rein in the country’s banking sector before it imploded.
Mr Haarde, the only government leader to face trial because of the global financial crisis, faces four charges of gross negligence. He has denied any guilt.
There is growing anger among Icelanders over the fact that none of the men in charge of the banks that collapsed have been tried – even though a handful of charges have been brought and dozens of investigations are under way.
– (Reuters)
